FINX Capital

Smart & Easy Auto Loan

FINX Capital

Smart & Easy Auto Loan

FINX Capital

Smart & Easy Auto Loan

Client

FINX Software

Role

UX/UI designer

Timeline

Oct 2019 - Jun 2022

Tools

Sketch, Figma, Miro, Zeplin

Overview

Finx Capital provides a software solution that connects dealerships, insurance providers, and banks to secure the lowest interest rates for customers while maximizing dealer profits.

Impact

12

dealership sign-ups in first month

12

dealership sign-ups in first month

12

dealership sign-ups in first month

53%

Error rates were reduced from 30% to 14% by improving the loan option selection process.

53%

Error rates were reduced from 30% to 14% by improving the loan option selection process.

53%

Error rates were reduced from 30% to 14% by improving the loan option selection process.

50

The new users onboarded to the platform in the first month.

50

The new users onboarded to the platform in the first month.

50

The new users onboarded to the platform in the first month.

15%

Improved loan process and increasing conversion rates.

15%

Improved loan process and increasing conversion rates.

15%

Improved loan process and increasing conversion rates.

91%

satisfaction rate on the usability survey

91%

satisfaction rate on the usability survey

91%

satisfaction rate on the usability survey

1m 10s

Average task time was 1 minutes 10 seconds, beating the 2 minute target.

1m 10s

Average task time was 1 minutes 10 seconds, beating the 2 minute target.

1m 10s

Average task time was 1 minutes 10 seconds, beating the 2 minute target.

Problems

  1. Lack of Transparency: Customers struggle to find clear and honest information about auto loan options, leading to confusion and frustration.

  1. Misaligned Incentives: Financial institutions and dealerships often prioritize their own profits over customer needs, creating a system that lacks fairness.

  1. Customer Dissatisfaction: Many buyers feel overwhelmed and dissatisfied with the opaque process of selecting loan products and programs.

Challenge

Through a digital solution, how can we simplify the complex car loan process while making it transparent and trustworthy?

Solution

The design goal for FINX Capital was to create a simple, step-by-step, and intuitive loan process that users could easily follow. A key focus was on linear, step-by-step workflows, while allowing customers to select their loan options at hand.

Ownership

FINX Capital empowers customers to choose their own auto loan options. The customer wants to be able to explore different alternatives and make sure they choose the best option for them. 

FINX Capital empowers customers to choose their own auto loan options. The customer wants to be able to explore different alternatives and make sure they choose the best option for them. 

Simplified process

FINX Capital empowers customers to choose their own auto loan options. The customer wants to be able to explore different alternatives and make sure they choose the best option for them. 

Remote Loan

The Finx Capital offers remote car loan services with the video call feature so that clients can apply for car loans from anywhere they feel comfortable. 

Report

By creating report features based on real data, we enable dealerships to keep track of their sales and boost sales. Dealers can see what they are doing well and what they are doing poorly by viewing the data collected by Finx Capital.

Prototype